Latest News & Executive Interviews
5G Technology a Key Catalyst for Industry 4.0, Finds Frost & Sullivan
Frost & Sullivan’s recent analysis, 5G in Process Industries, finds that the limitations of 4G networks are enabling 5G technology to become an important ally for Industry 4.0. The high bandwidth and low latency provided by 5G networks are driving process industries to partner with strategic 5G providers.
Gartner Predicts That “Human-in-the-Loop” Solutions Will Comprise 30% of New Legal Tech Automation Offerings by 2025
By 2025, 30% of new legal technology automation solutions will combine software with staffing for a “human-in-the-loop” offering, according to Gartner, Inc. Despite growing demand for greater automation and increasing sophistication of tech innovations, machine learning solutions for corporate legal teams will struggle with the high levels of domain expertise required and high rates of exceptions expected.
Smart Manufacturing Spend Climbs Over $950 billion in 2030 and 37 Other Technology Stats You Need to Know
ABI Research’s reports that dozens of always-on 5G portable device models will hit the market in 2022 when sales of these 5G devices will exceed $12 million, growing to $46.5 million by 2026.
Enterprises—More Open than Ever to Outsourcing—Will Drive Double-Digit Growth in Finance and Accounting Outsourcing (FAO), According to Everest Group
Everest Group projects that the finance and accounting outsourcing (FAO) market will grow significantly (up to 10% year-on-year) in 2022, because enterprises are demonstrating an openness toward expanding their scope of services with third-party service providers.
Strategy Analytics: Notebook PCs Finish 2021 With Record Shipments of 268 Million Units
According to a new report by Strategy Analytics, notebook shipments grew 19% over the previous highs reached in 2020 to reach 268 million units. As 2022 begins, the industry must be cautious about lingering supply issues and increased freight and manufacturing costs.
Gartner Predicts 25% of People Will Spend At Least One Hour Per Day in the Metaverse by 2026
By 2026, 25% of people will spend at least one hour a day in the metaverse for work, shopping, education, social and/or entertainment, according to Gartner, Inc. Because no single vendor will own the metaverse, Gartner expects it to have a virtual economy enabled by digital currencies and nonfungible tokens (NFTs).
OEMs, Enterprises, and Municipalities to Spend Over $31 Billion on Connectivity Management Platforms in 2026
ABI Research identifies 62 companies offering CMPs, operated either proprietarily or commercially available to license. These companies span from connectivity resellers and aggregators to enterprise software developers, IoT service providers, and carrier grade infrastructure manufacturers.
Gartner Predicts 25% of Supply Chain Decisions Will Be Made Across Intelligent Edge Ecosystems Through 2025
Driven by evolving data communications networks, including 5G, Gartner, Inc. predicts that 25% of supply chain decisions will be made across intelligent edge ecosystems through 2025. Advances in data communications services, such as Wi-Fi, Bluetooth and 5G, are poised to support edge ecosystems and complement traditional centralized supply chain solutions with more virtualized and remote networks processing data.
Industry-Driven Demand for Automation to Boost Operations and Productivity Spurs Global Machine Vision Market, States Frost & Sullivan
Frost & Sullivan finds that rising demand for automation across industries to enhance operations and productivity is driving the global machine vision market. The industry will likely garner $14.02 billion in revenue by 2025 from $10.28 billion in 2020, an uptick at a compound annual growth rate of 6.4%.
Technicolor Connected Home HERO Partners Offer Analysis and Context for NSP Success in 2022
New consumer demands based on shifting behavioral patterns as a result of the ongoing COVID-19 crisis are giving rise to a new set of key success factors that network service providers (NSPs) will have to address to achieve their strategic objectives over the course of 2022. To provide additional perspective on how different players in the industry are bringing the latest innovations to network service providers across the world, Technicolor Connected Home requested members of the HERO Partnership Program to share their forecast for 2022 trends.
The Wearable Market Will See 344.9 Million Shipments in 2022 With Sports, Fitness, and Wellness Trackers Leading the Way
During the COVID-19 pandemic, wearables became a tool for tracking, monitoring, and combating the spread of the disease throughout the world. According to a recent study from global technology intelligence firm ABI Research, the number of wearables shipped worldwide in 2020 increased to 259.63 million, with sports, fitness, and wellness trackers accounting for 112.15 million and Smartwatches 74.30 million.
Agility, Innovation and Transparency Emerge as Keys to Optimize NSP Success in Connected Home Markets Across Americas
Rising consumer expectations have collided with supply chain disruptions to redefine how network service providers (NSPs) bring compelling value propositions to the market. While cutting-edge product developments on the customer premises equipment (CPE) front once provided an opportunity for NSPs to secure a competitive differentiation, it has become clear that a more comprehensive view of innovation will be required to improve their market position through 2022 and beyond.
End-to-End IPTV Streaming on ISR Platforms Plays Growing Role in Supporting Emergency Management Missions
ISR technologies forged and refined to meet the battlefield requirements of overseas military activities are finding new applications domestically to support emergency management missions at the state and local level. The rising frequency and volatility of natural hazards has elevated the importance of improving situational awareness for first responders deployed in response to these events.
ABI Research Reports: Hardware Security Module Market Growth Driven by Service Models and New Applications in Enterprise to Reach $1.2 Billion by 2026
The Hardware Security Module (HSM) market is niche, specialized, and hard to penetrate, but it is on track for expansion. Increased focus on service capabilities, driven by enterprise digital transformation strategies, is intensifying demand in new applications and delivery models. Global technology intelligence firm ABI Research forecasts the market to hit over one billion dollars in revenues by 2024.
Gartner Predicts Hyperscalers’ Carbon Emissions Will Drive Cloud Purchase Decisions by 2025
By 2025, the carbon emissions of hyperscale cloud services will be a top three criterion in cloud purchase decisions, according to Gartner, Inc. As environmental, social and governance (ESG) priorities and reporting received growing levels of enterprise attention, more than 90% of organizations increased their investments in sustainability programs since the start of the pandemic compared to investments in 2017.
In-Home Experience, Complexity Management and New Applications Will Shape NSP Strategies in Eurasia
The end of 2021 introduced a resurgence of pandemic complications that have aggravated challenges faced by the Eurasia-connected home community. However, new technological developments and the implementation of innovative business practices have actually generated deeper relationships between consumers and NSPs in the region.
Video Management Platforms Will Bring a Vast Increase in Urban Surveillance and Management Capabilities, States ABI Research
Urban surveillance and public safety technologies are finding new use cases following the covid-19 pandemic and increasing AI capabilities. Covid-19 has spurred the use of technologies, such as crowd monitoring, which are here to stay.
Worldwide IT Spending Expected to Grow 5.1% in 2022, Says Gartner
Worldwide IT spending is projected to total $4.5 trillion in 2022, an increase of 5.1% from 2021, according to the latest forecast by Gartner, Inc.
Despite the potential impacts of the Omicron variant, economic recovery with high expectations for digital market prosperity will continue to boost technology investments. “2022 is the year that the future returns for the CIO,” said John-David Lovelock, distinguished research vice president at Gartner.
ABI Research Finds Robust Market Opportunities in SD-WAN Still Abound
Network connections are becoming more complex as more devices require connectivity from infinitely more locations. This proliferation of IoT has driven demand for software-defined solutions to optimize networking costs, improve enterprise agility/scalability, and enable the integration of cloud applications.
Autonomy and Asset Tracking Imperative to Support 13% Global E-Commerce Rise in 2022
Material growth in the value of global goods traded over the last five years represents the evolution of globalization, increasing incomes in many locations, and the need to connect people and devices. Baseline forecasts for 2022 exceed anything seen in the prior six or more years. According to ABI Research, e-commerce revenue will grow from $560 billion in 2020 to $8 trillion in 2026.